James Halstead sees record profit, despite disappointing December

Writer, Stock Market Wire
Wednesday, January 30, 2019 - 14:33

Commercial flooring manufacturer James Halstead said it had a disappointing December though trading in January was tracking ahead on-year.

At the company's AGM on 7 December, chairman Anthony Wild noted that trading had been encouraging in terms of turnover and profit for the first five months.

'The month of December was disappointing and broke with the trend of increases of the previous months,' James Halstead said.

'The reduction in this month was impacted by the UK and relates in part to fewer trading days and, we believe, year-end stock reductions by UK distributors.'

'Trading in January is ahead of the comparative period.'

The company said it had seen margin improvement and profit for the half year would be at a record level.

'Our confidence in full year progress continues and our ability to continue with strong dividend growth enhanced,' it added.

At 2:33pm: (LON:JHD) James Halstead PLC share price was +6p at 466p


Related content

James Halstead revenue, profits up in year to date

Commercial flooring group James Halstead said it had grown revenue and profits in the first five months of its financial year.

'I am confident in...

Fri, 07/12/2018 - 14:51


AIM dividends come of age

Author: 

Dividends paid by AIM-quoted companies are set to burst through the £1bn mark for the first time in 2018 according to Link Asset Services’ inaugural...

Thu, 06/09/2018 - 00:00


James Halstead sees annual profit in line with last year

Commercial flooring company James Halstead said Wednesday it expected annual profit in line with last year and annual sales ahead of last year.

UK...

Wed, 25/07/2018 - 10:03


James Halstead reports turnover growth

James Halstead plc, the commercial flooring manufacturer and distributor, said turnover rose 5% for the half-year to 31 December 2017, while profit was ahead of...

Mon, 29/01/2018 - 10:02